Forum Archive Index - March 2000

["bret" <brett.phprint@wave.co.nz>]

 

Reading the article in IDG news regarding Internet-access terminals being installed in Caltex Star Mart stores reminded me of Savoy's legal proceeding against the Auckland City Council with regards to the Britomart project. I think the CEO indicated that an announcement was to be made before the end of the month in this respect.

Does anyone have any updates they could pass on???

 

I suggest Savoy would be hoping for an out of court settlement, as the legal eagles could take forever dragging this through court. Savoy is claiming $100m plus for breach of contract and is pursuing this matter vigourously. If the media articles indicating discussions between Ericsson and Savoy are accurate, Savoy may be relying on a favouable outcome to this legal action to continue future developments in the tech sector. At 6 cents I believe the stock maybe under rated for it's potential when comparing with the likes of Spectrum and Wilson Neil, especially when Savoy is diversifying quickly and effectively at seemingly little cost to the company and yet still maintaining its core property assets. This may well be an interesting share to watch over the next month or so.  What do you think???

Cheers Bret